Trusts Solicitors
A trust fund is a lawful mechanism used to handle building, cash as well as investments. It can be created both in life time, or on fatality (via a will certainly trust).
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If you have a trust fund and a will, we suggest you to have actually both documents checked by a lawyer to ensure they are not inconsistent. Call us on 020 8553 5995 or contact us online.
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We make use of KSolicitors for different lawful elements as well as constantly locate them to be incredibly expert. We constantly really feel extremely risk-free recognizing that we are being assisted by their actual qualified and also educated group. They will certainly constantly go above and beyond to making sure that we are maintained educated at each phase of the means.
Eugene Nadeau
Terrific individuals functioning there had the ability to aid with my non-standard question, as well as they were open in Covid time while I was fairly determined to locate any type of various other lawyer
Kevin James
We decided to do our codicils to our Wills at the break out of the Corona-virus, so we performed using the telephone or by e-mail and it went extremely efficiently. We got a fantastic online support throughout the procedure.
Joel Lee
Khans Solicitors accomplished the sale of our residence. I should discuss Muhammad Akram Rana particularly, he was really practical with recommendations when I required it as well as pleasant as well. I will absolutely return to Rana when we are offering once more.
Iqbal Butt
I possessed affair to handle along with Omar and also his co-worker Imtiaz worrying a significant illegal issue. Our interactions were actually done 'long-distance', as well as I located both Omar and also Imtiaz to be actually incredibly helpful, interesting as well as expert.
Danii Achury
I have utilized Khans Solicitors on a number of events. Omar guidance has constantly been prompt and sensible. I will most definitely be using Khans in the future, as well as they are now a main part of our company planning for the future.
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I utilized Khans Solicitors for a family law issue. Martin was very straightforward to take care of, I found him to be specialist in his method as well as a satisfaction to manage. I would have no reluctance in using him as well as Khans Solicitors once more.
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Frequently Asked Questions
Trusts are created for various reasons, some examples of which are set out below :
- to control, protect and preserve family assets for future generations
- as part of a tax planning exercise, to mitigate Inheritance Tax
- when someone is too young to handle their affairs
- when someone cannot handle their affairs because they are incapacitated
- when someone receives compensation due to a personal injury claim
- to pass on assets while you are still alive
- to pass on assets when you die (a ‘will trust’)
- under the rules of inheritance if someone dies without a will (in England and Wales)
If you want to set up a trust or want more information on this topic, our expert solicitors are here to assist you with your questions. Call us on 020 8553 5995 or contact us online and we’ll call you.
Trusts may seem complicated but can be extremely useful. Prior to creating a Trust, you should seek professional advice as it may be that the type of Trust you believe you require is not the most efficient for your personal circumstances. Several of our solicitors are STEP qualified and as such, have additional expertise in this area.
In considering a trust, we can advise on the role of the Trustee, and the matters to consider when selecting Trustees, how a Trust is administered and what the tax implications will be.
There are various types of trusts, including:
- Compensation protection trusts
- Lifetime trusts
- Will trusts
- Life interest trusts
Deciding which trust is the right one for you and setting it up can be quite complex. We can help you to keep it simple and make sure your interests are represented.
We strongly advise working with an expert solicitor when setting up a trust.
They can help you with the following:
- Which type of trust is best for you?
- Which conditions should you include?
- If you can save taxes with your trust?
- Ensuring your trust does not conflict with your will.
If we can assist you with your questions, feel free to contact us.
If you have a trust and a will, we advise you to have both documents checked by a solicitor to ensure they are not contradictory.
Call us on 020 8553 5995 or contact us online and we’ll call you.
